2Q 2017 Earnings Result

2017. 07. 27.

ThefinancialinformationincludedinthisdocumentareearningsresultsbasedonK-IFRS.

Thisdocumentisprovidedfortheconvenienceofinvestors, andtheexternalauditonourfinancialresultsareyettobecompleted;

therefore,certainpart(s)ofthisdocumentissubjecttochangeupontheauditor'sreview.

Thecompanydoesnotmakeanyrepresentationoracceptliability,

astotheaccuracyorcompletenessofthefinancialandoperationalresultsstated,

andnothingcontainedhereinis,orshall berelieduponasapromiseorrepresentation,whetherastothepastorthefuture.

Thisdocumentshallnotbeutilizedforanylegalpurposesinregardstoinvestors'investmentresults, andthecompanyherebyexpresslydisclaimsanyandallliabilityresultingfrominvestors'relianceontheinformationcontainedherein.

Thisdocumentonlyspeaksoftheinformationasofthedatetheyaremade,

andthecompany isnotresponsibleforprovidingupdates containedinthisdocumentinlightofnewinformationorfutureevents.

(bn KRW)

2Q16

3Q16

4Q16

1Q17

2Q17

Growth

Y/Y

Q/Q

Operating Revenue

987.3

1,013.1

1,085.0

1,082.2

1,129.6

14.4%

4.4%

Ads

96.6

98.4

123.0

99.7

117.7

21.9%

18.1%

Business Platform

462.2

462.3

491.3

509.7

520.5

12.6%

2.1%

IT Platform

28.1

30.8

39.0

43.4

49.4

75.7%

13.8%

Contents Service

27.4

22.5

22.5

23.5

24.4

-11.0%

3.9%

LINE & Other Platforms

372.9

399.1

409.2

406.0

417.6

12.0%

2.9%

Operating Expenses

714.6

730.8

794.7

791.4

844.4

18.2%

6.7%

Operating Income

272.7

282.3

290.3

290.8

285.2

4.6%

-1.9%

Operating Margin(%)

27.6%

27.9%

26.8%

26.9%

25.2%

-2.4%p

-1.6%p

Pre-tax Income

311.4

288.0

276.1

306.8

305.1

-2.0%

-0.5%

Tax

98.5

85.6

100.8

93.4

133.7

35.7%

43.1%

Net Income from Continuing Operations

212.9

202.5

175.3

213.3

171.5

-19.5%

-19.6%

Discontinued Operations Income

0.4

-4.5

7.5

-2.5

-0.0

n/a

n/a

Net Income

213.2

198.0

182.8

210.9

171.4

-19.6%

-18.7%

Operating Revenue Operating Expenses

(bn KRW) (bn KRW)

1,129.6

1,085.0 1,082.2

794.7 791.4

844.4

987.31,013.1

11% 9%

10%

714.6730.8

15% 18%

17%

10%10%

47%46%

45%47%

46%

4%

19%20%

22%22%

6%6%

5%4%

23%

6%

6%

24%

6%

5%

24%

6%

6%

3% 3%

4% 4% 2%

3% 2% 2% 2%

38% 39% 38% 38% 37%

47%48%

50% 47%47%

2Q16 3Q16 4Q16 1Q17 2Q17 2Q16 3Q16 4Q16 1Q17 2Q17
  • Ads Business Platform IT Platform

  • Contents Service LINE & Other Platforms

  • Platform Development & Operations Agency & Partner Commission

    • Infrastructure Marketing LINE & Other Platforms

Naver Corporation published this content on 27 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 July 2017 23:14:02 UTC.

Original documenthttp://www.navercorp.com/nhnen_/ir/EarningsRelease/2017/2Q17_Naver_Earnings_Eng_Final.pdf

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